Despite the ongoing health and economic crisis precipitated by COVID-19, the Diablo Valley real estate market continued its dramatic recovery from the steep declines in March and April. The demand for high-end homes, in particular, has been extremely strong – this applies to virtually every market in the Bay Area. More affluent buyers – the demographic least affected by COVID-19, unemployment, and also having the greatest financial resources – have been jumping back into the market to a greater degree than other segments.
Depending on the statistic, these analyses will sometimes include the 3 cities of Lamorinda, or look at full-county trends.
The first chart below illustrates the substantial rebound in buyer demand in Diablo Valley, as the number of listings accepting offers in June 2020 rose well above the level of last year.